Results 1-20 of 132 for nama speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: I do not accept that. We are pressed for time and I shall move on to another substantial issue. NAMA informed the Minister and he informed me through his reply to my parliamentary question that NAMA has sold off €1.9 billion in loans so far to date. I pursued the same line of questioning on debt write-down or debt forgiveness for developers with the delegation at our last meeting....

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: Okay, that's fine. In relation to Brendan McDonagh ... Brendan McDonagh was before the banking inquiry and he gave evidence in relation to dealing with developers and how NAMA was established. And you talk about the efficiency in terms of NAMA. Mr McDonagh talked about, and I'll quote him, he says, "Probably about €300 million of that additional security, debtors decided that they...

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Pearse Doherty: Okay, I want to focus on unenforceable securities. You'd be aware in terms of the NAMA test ... NAMA testimony and what's transcribed from the transfer of known loans to NAMA, hat there were €811 million of loans that were transferred to NAMA across the financial institutions that had unenforceable securities. From AIB's point of view, it made up €164.6 million and that was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Pearse Doherty: Okay, in relation to NAMA and I know you mentioned NAMA bonds on page 7 of your statement in paragraph 3, and I am also aware that you weren't at AIB at the time of the transfer of the loans to NAMA, but you were there while AIB held the NAMA bonds. Can you tell the committee for what purpose did AIB use the NAMA bonds? How did they work? What were the steps involved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: I do not want to cast aspersions on NAMA staff or former staff members. There is a Garda investigation into an existing member of NAMA who gave out sensitive information. There is a practice of former members of NAMA at a very senior level moving on. I am talking about the head of lending who now works for a company that bought loans off NAMA in the past. Now we know that the company...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: That is NAMA's position but it means NAMA is not pursuing certain developers, who owed the loans, for the full value of the loan. This means NAMA has cut its cloth and has decided it was not going to get back the full value and so it will sell off the loans. In my example of a loan of €100 million taken out from Anglo Irish Bank or wherever, purchased by NAMA for €40 million...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (Resumed) (16 Jul 2014)

Pearse Doherty: I agree in terms of the social dividend, but it was a late night clause included in the NAMA legislation. It was a sop to the Opposition to be able to say NAMA would be used for the social good. The Houses of the Oireachtas set up NAMA and will dismantle it when it believes its time is up. We can actually change the priorities of NAMA if we want to do so, given the fact that everybody has...

Written Answers — National Asset Management Agency: National Asset Management Agency (22 May 2012)

Pearse Doherty: ... the terms upon which the National Assets Management Agency has provided the short-term funding to meet the Anglo promissory note payment due on 31 March; if he will confirm the amount provided by NAMA; the interest rate that will apply to NAMA's contribution and consequently the amount of interest in monetary terms that will be paid to NAMA; if he will confirm that NAMA has provided the...

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

Pearse Doherty: The quote continues: It is alleged that PIMCO discovered that payment of a fixer fee of £15 million was requested, to be paid if PIMCO was successful. PIMCO reported this to NAMA and withdrew from the process. According to the response to a Sinn Féin freedom of information request, the Minister for Finance, Deputy Noonan, [was aware of that but did absolutely nothing to prevent...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: It is quite interesting to hear that the ten parties who could possibly buy from NAMA in future would not be blacklisted, given that not one of them approached NAMA and indicated that an employee had given up sensitive information. If an e-mail lands on a desk with the prices at which NAMA purchased the properties from the banks, surely an upstanding person with the interest of NAMA and the...

Written Answers — Department of Finance: NAMA Property Sales (22 May 2013)

Pearse Doherty: ...Agency of the disposal of the so called Project Aspen portfolio of €810 million of loans relating to a developer (details supplied), if he will provide his assessment on the deal which involves NAMA providing staple finance and retaining a stake in the loans; if he will confirm the security NAMA now holds in the loans and if NAMA's security in the loans has been diluted as a result...

Written Answers — Department of Finance: NAMA Portfolio Issues (5 Nov 2013)

Pearse Doherty: 217. To ask the Minister for Finance his views on whether it is acceptable that the National Asset Management Agency will make available the names of developers not in NAMA, but will not state who is in NAMA, for the purposes of tenants wishing to establish if their landlords are in NAMA and therefore if they may be eligible for NAMA's assistance in rental contract negotiations. [46896/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Pearse Doherty: It is clear from today's presentation that if it were not for the media inquiring about the issue, it would possibly not have been addressed by NAMA. That issue led NAMA to discovering that sensitive commercial information had been taken and was released to the person's wife and potential investors in NAMA. If there had not been a media focus on NAMA, this would never have come to light....

Written Answers — Department of Finance: National Asset Management Agency (28 Apr 2022)

Pearse Doherty: 166. To ask the Minister for Finance the volume of development land in hectares held by NAMA for which NAMA had an interest or by which NAMA loans were secured and which were sold by NAMA in each of the years 2010 to 2022; the details of the land sold by location, size, residential zoning, planning permission and capacity for development of residential units; and if he will make a statement...

Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)

Pearse Doherty: ...a block containing 12 apartments in Longford, if he will provide details of the type of apartments involved and the condition of the property, as well as the condition of the property; when NAMA acquired the underlying loans on the property; the steps taken by NAMA to protect and maintain the property, including the amount of money spent on the property; the sales and marketing activity...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: If we look at NAMA, which again appeared afterwards, we see from reports by NAMA that housing made up less than a fifth of NAMA’s assets. One of my questions relates to the concentration of commercial property, which was the majority of assets that went into NAMA. Only 54% of it was within the Irish State. Could Mr. Regling expand on the role in the crisis played by the credit and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Pearse Doherty: I start with the big question people want answered. What is the result of NAMA going to be at the end of the day? NAMA has looked at different options in terms of disposal and had them independently assessed, which I will come to in a minute. I was taken aback by the suggestion that at the end of this process, the profit NAMA will make will be in the region of €500 million. Can the...

Other Questions: NAMA Code of Conduct (3 Jul 2014)

Pearse Doherty: For some time now, and the past couple of months in particular, high profile members of NAMA staff and executives have been leaving their positions in NAMA to take up occupations in the private sector. While that in itself is not a key issue, what is at issue is that because some of those staff have taken up employment in companies that are involved in property development there could be a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Pearse Doherty: Okay. And in relation to NAMA, you'll be aware, or you may be aware, that NAMA, and this is from ... the public accounts committee received correspondence back in 2011 from Brendan McDonagh talking about the incentivisation mechanisms, and he talked at that point in 2011 that legally binding agreements had been entered into with nine debtors, under which the proposed incentives are in place....

Other Questions: National Debt Servicing (30 Jan 2018)

Pearse Doherty: The issue of the treatment of one-off proceeds is crucial, particularly with the decision to wind down NAMA. As the Government in recent years has scrambled for off-balance vehicles, NAMA can create some of the solutions. A social clause was built into the NAMA legislation but never really utilised. The idea that any NAMA surplus would be used to pay down debt at a time of severe crisis,...